The rapidly growing market of plastic recycling provides great business opportunities. We compared available recycling technologies and we analyzed current trends in supply and demand of recycled plastics in view of the EU’s sustainability agenda and its impact on the plastic supply chain.
From this study, we concluded that in order to achieve the envisaged circularity and CO2 reduction goals:
- Closed-loop recycling is essential
- The average quality of recycled plastics has to increase substantially
- The solvent-based method has an as yet underestimated potential in the mix of required recycling technologies
Closed-loop recycling is a key factor for plastic recycling to grow
Prompted by these conclusions, Recycling Avenue has recently acquired a unique and proven solvent-based technology. We are now developing our first 3.000 ton/a demo plant to recycle ABS and HIPS from, e.g., WEEE, car scrap and construction & demolition waste for closed-loop applications.
We invite partners to join our project, as we believe that strategic partnerships between key players in the value chain are important for closed-loop recycling.